New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units
HOUSTSFLAA1FQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,408.00
Year-over-Year Change
-4.25%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the average square feet of floor area for new one-family housing units started in the United States. It provides insights into the size and characteristics of new residential construction.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units trend tracks the average size of new single-family homes. This metric is used by economists and policymakers to analyze trends in residential investment, consumer preferences, and the health of the housing market.
Methodology
The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts monitor this trend to understand consumer demand and assess the broader residential construction industry.
Key Facts
- The average size of new one-family homes in the U.S. was 2,480 square feet in 2022.
- Home sizes have increased by over 1,000 square feet since the 1970s.
- Larger homes reflect consumer preferences and economic factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average square feet of floor area for new one-family housing units started in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer preferences, residential investment, and the health of the housing market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homebuilders and developers by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to understand consumer demand and assess the broader residential construction industry.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may be subject to revisions.
Related Trends
New Privately Owned Housing Starts in the United States, Median Square Feet Per Unit for Two or More Units
HOUSTSFLAM2UMQ
New Privately Owned Housing Starts in the United States by Purpose of Construction, Owner-Built One-Family Units
HOUSTOB1FQ
New Privately-Owned Housing Units Started: Units in Buildings with 2-4 Units
HOUST2F
New Privately Owned Housing Starts in the United States by Design Type, Attached One-Family Units
HOUSTDTA1FQ
New Privately-Owned Housing Units Started: Total Units
HOUST
New Privately Owned Housing Starts in the United States by Number of Units in Building, 20 or More Units
HOUSTDTA20UMQ
Citation
U.S. Federal Reserve, New Privately Owned Housing Starts in the United States, Average Square Feet of Floor Area for One-Family Units (HOUSTSFLAA1FQ), retrieved from FRED.